Indonesia: Regional Infrastructure Development Fund Project

Project Description:

The Project aims to support the structuring and operationalization of the Regional Infrastructure Development Fund (RIDF) as a financial intermediary, which lends directly to the subnational governments. Located within PT Sarana Multi Infrastruktur (PT. SMI), the RIDF will increase subnational governments’ access to finance for basic infrastructures. Through the Project, it is expected that the subnational governments will be able to address their critical infrastructure needs more effectively and overcome annual funding constraints with the dedicated funding available through the RIDF. The RIDF will finance investments and provide technical assistance in thematic areas including, but not limited to:

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 93 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.